South Korea Consumer Confidence At 6-Month High

South Korea consumer confidence strengthened to a six-month high in October, survey results from the Bank of Korea showed Friday.

The consumer sentiment index came in at 98.6 in October versus 96.9 in September. This was the highest score since last April. However, a reading below 100 indicates that pessimists outnumber optimists.

The indicator for consumer sentiment regarding current living standards was unchanged, at 92, while that concerning the future outlook for living standards gained one point to 93.

Consumer sentiment related to future household income held steady at 97, while that concerning future spending rose two points to 108.

The index for current domestic economic conditions climbed four points to 72, and the future domestic economic conditions indicator moved up two points to 77.

The expected inflation rate for the coming year fell to a record low 1.7 percent. The survey was conducted among 2,500 households between October 10 and 17.

The material has been provided by InstaForex Company – www.instaforex.com